I made a little form to estimate how much I would save if I were to buy a new car vs keeping my current truck. Since I don’t have a car payment, the truck is the winner, but if I did then it will be a closer bet. So here is the little form to calculate if you should get that new Fit. (This isn’t going into how ecofriendly your new car is vs old, just monetary savings.)

The savings is how much I would save if I bought the car. You need to drive a lot and get great gas mileage to compensate for a monthly car payment. Buy I am sure you new that already…

P.S. Here is the formula: (Miles / MPG) * $Gas + Payment = Monthly Cost

Tags: finance

This entry was posted on Tuesday, May 20th, 2008 at 3:03 am and is filed under Misc. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.